2-bedroom flat · CO2 8YP
Sold STCListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVERVIEW *** GUIDE PRICE OF £170,000 - £180,000 *** This modern and well-presented second-floor flat is located in the highly sought-after Hythe area, providing excellent access to nearby amenities, shops, and Essex University.
The property boasts one allocated parking space and benefits from two convenient lifts.
Upon entering the communal entrance, you are welcomed into a bright and well-maintained hallway with two lifts, leading to the entrance door of the flat.
The open-plan living area comprises a spacious lounge/diner, featuring patio doors that lead out to a balcony, providing ample natural light and fresh air.
The kitchen area offers a range of top-quality appliances, including a ceramic hob, Neff oven, integrated fridge/freezer, and washer/dryer, along with a one-and-a-half bowl sink unit set into the work surface.
The flat comprises two generously sized bedrooms, with bedroom one being the larger and boasting an irregular-shaped room.
It features a double glazed window to the front and has access to a walk-in wardrobe.
The room also benefits from an en-suite shower room, comprising a large shower cubicle, wall-hung washbasin, WC, and heated towel rail.
Bedroom two features a double glazed window to the front and an electric heater.
The flat's main bathroom is well-appointed and comprises a bath with shower attachment, wall-hung washbasin, WC, and heated towel rail.
MEASUREMENTS ENTRANCE; OPEN PLAN LIVING AREA LOUNGE/DINER 21' 4" x 12' 6" KITCHEN AREA 10' 1" x 8' 1" BEDROOM ONE 19' 0" x 9' 6" EN-SUITE BEDROOM TWO 11' 7" x 11' 1" BATHROOM Bath OUTSIDE One allocated parking space.
AGENTS NOTES EPC rating - C Council Tax band - B Service Change - £1,448.03 PA Ground Rent - £300 PA Years remaining on this lease: 115 years
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
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